PalmPay, a leading neobank and fintech platform focused on emerging markets, has once again secured global recognition, earning a coveted spot on CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year the rapidly growing platform has been included among the world’s most innovative and impactful financial technology firms.

The prestigious ranking, announced on Tuesday, July 22, 2025, places PalmPay alongside global financial technology giants such as Revolut, Nubank, and Ant Group. The selection is based on a rigorous evaluation of thousands of companies worldwide, assessing key metrics like growth, innovation, market penetration, and overall impact.

Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the recognition as a powerful validation of the company’s commitment to financial inclusion across emerging markets. “To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” she stated. Zab highlighted PalmPay’s strategy of combining cutting-edge technology with deep local distribution channels to meet the unique needs of underserved communities. “Through a customer-first mindset, we’ve built Nigeria’s leading neobank,” she added.

PalmPay currently boasts over 35 million registered users and processes up to 15 million transactions daily. In Nigeria, its core market, PalmPay operates as a full-service neobank, offering a comprehensive suite of services including transfers, bill payments, credit, savings, and insurance, all accessible through its user-friendly mobile app. The company also leverages an expansive nationwide network of over one million agents and merchant partners, alongside providing POS and API-driven solutions for businesses.

Jiapei Yan, Group Chief Commercial Officer at PalmPay, emphasized the company’s vision for emerging markets. “We are creating the infrastructure for a connected digital economy where people and businesses can thrive through reliable, inclusive financial tools,” Yan noted, adding that the CNBC and Statista ranking not only affirms PalmPay’s progress but also underscores the vast opportunities present in emerging markets.

This recent accolade follows another significant recognition for PalmPay earlier this year, where it was ranked #2 overall and #1 in the financial services sector on the Financial Times’ Africa’s Fastest-Growing Companies 2025 list. That ranking evaluated companies based on their revenue growth between 2020 and 2023, reflecting PalmPay’s impressive scale and market traction.

PalmPay has been actively expanding its footprint, recently launching operations in Tanzania and Bangladesh, utilizing smartphone device financing as a strategic entry point to introduce digital financial services to new users in these regions. “Our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact,” Zab concluded.